Two Wheeler Loan
Get Riding Today with 100% Funding
Finance your dream motorcycle or scooter with ease. We offer competitive interest rates starting at 7.00% p.a. and flexible repayment tenures up to 60 months.
- Rates from 7.00% p.a.
- 100% On-Road Funding
- Tenure up to 5 Years
- Pre-approved Offers
Check Eligibility Instantly
Find the lowest EMI for your new bike.
Two Wheeler Loan Interest Rates
Compare the interest rate ranges and processing fees of major banks and NBFCs for your new two-wheeler.
| Bank / NBFC | Interest Rate (p.a.) | Processing Fee | Max Funding |
|---|---|---|---|
| State Bank of India (SBI) | 11.90% - 16.45% | 1% of loan amount + GST | Up to 85% of On-Road Price |
| HDFC Bank | 14.50% - 21.00% | Up to 2.5% + GST | Up to 100% of On-Road Price |
| Axis Bank | 11.00% - 22.00% | Up to 2.5% + GST | Up to 100% of On-Road Price |
| L&T Finance | 9.99% - 24.99% | Standard NBFC charges | Up to 100% of On-Road Price |
| Bajaj Auto Finance | 10.50% - 26.00% | Up to 3% + GST | Up to 100% of On-Road Price |
Eligibility and Documents
Ensure you meet the basic criteria and have the necessary documents ready for a smooth application.
Eligibility Criteria
- Age: Minimum 21 years; Maximum 65 years at loan maturity.
- Income: Minimum ₹1,20,000 p.a. for salaried; ₹1,50,000 p.a. for self-employed.
- Employment: Salaried with minimum 1 year of total experience.
- Residence: At least 1 year at the current address.
Documents Required
- Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID.
- Address Proof: Utility bill, Rental agreement, or Passport.
- Income Proof: Last 3 months' salary slips and 6 months' bank statements.
- Vehicle Details: Proforma invoice from the authorized dealer.
Frequently Asked Questions
While there is no single fixed cutoff, a credit score of 720 to 750 or above is generally considered favorable by most banks and financial institutions. A higher score increases your chances of approval and helps you secure lower interest rates and higher loan amounts.
Yes, it is possible to secure a personal loan with a lower credit score (under 650), but you may face higher interest rates, a smaller loan amount, or shorter repayment tenures. Additionally, applying with a co-signer who has strong credit or offering collateral (where applicable) can improve your chances.
The general documents required include: 1) Proof of Identity (PAN Card, Aadhaar Card, Passport, etc.), 2) Proof of Address (Passport, Utility Bills, Aadhaar Card), 3) Income Proof (Salary slips for the last 3 months, Form 16, or ITR for self-employed), and 4) Bank statements for the last 3 to 6 months.
Thanks to digital integrations, basic approval (pre-approval) on aggregator platforms like ours can happen in a few minutes. Final verification and disbursement by the lender typically takes between 24 to 48 working hours, depending on physical verification or documentation completion.